®
               AP Macroeconomics 
                                                                  ®      ®
           About the Advanced Placement Program  (AP ) 
           The Advanced Placement Program® has enabled millions of students to take college-level courses and earn college credit, advanced placement, or 
           both, while still in high school. AP Exams are given each year in May. Students who earn a qualifying score on an AP Exam are typically eligible, in 
           college, to receive credit, placement into advanced courses, or both. Every aspect of AP course and exam development is the result of collaboration 
           between AP teachers and college faculty. They work together to develop AP courses and exams, set scoring standards, and score the exams. College 
           faculty review every AP teacher’s course syllabus.
                                                                                                 ■  Unit 1: Basic Economic Concepts 
             AP Economics Program                                                                ■  Unit 2: Economic Indicators and the Business Cycle 
                                                                                                 ■  Unit 3: National Income and Price Determination 
           The AP Program offers two courses in economics: AP                                    ■  Unit 4: Financial Sector 
           Macroeconomics and AP Microeconomics. Each course corresponds 
           to one semester of a typical introductory college course in economics.                ■  Unit 5: Long-Run Consequences of Stabilization Policies 
           AP Macroeconomics focuses on the principles that apply to an                          ■  Unit 6: Open Economy—International Trade and Finance 
           economic system as a whole. AP Microeconomics focuses on the 
           principles of economics that apply to the functions of individual                 Each unit is broken down into teachable segments called topics.  
           decision-makers, both consumers and producers, within the economic                In addition, the following big ideas serve as the foundation of the 
           system.                                                                           course, enabling students to create meaningful connections among 
                                                                                             concepts and develop deeper conceptual understanding: 
             AP Macroeconomics Course Overview                                                   ■  Big Idea 1: Economic Measurements 
           AP Macroeconomics is a college-level course that introduces students                  ■  Big Idea 2: Markets 
           to the principles that apply to an economic system as a whole. The                    ■  Big Idea 3: Macroeconomic Models 
           course places particular emphasis on the study of national income                     ■  Big Idea 4: Macroeconomic Policies 
           and price-level determination. It also develops students’ familiarity 
           with economic performance measures, the financial sector,                         Course Skills 
           stabilization policies, economic growth, and international economics.             The following skill categories describe what skills students should 
           Students learn to use graphs, charts, and data to analyze, describe,              develop during the course: 
           and explain economic concepts. 
           AP Macroeconomics is equivalent to a one-semester introductory                        ■  Principles and Models 
           college course in economics.                                                             ♦  Define economic principles and models. 
           RECOMMENDED PREREQUISITES                                                             ■  Interpretation 
           There are no prerequisites for AP Macroeconomics. Students should                        ♦  Explain given economic outcomes. 
           be able to read a college-level textbook and possess basic                            ■  Manipulation 
           mathematics and graphing skills.                                                         ♦  Determine outcomes of specific economic situations. 
                                                                                                 ■  Graphing and Visuals 
             AP Macroeconomics Course Content                                                       ♦  Model economic situations using graphs or visual 
                                                                                                        representations. 
           The course content is organized into six commonly taught units, which 
           have been arranged in the following suggested, logical sequence: 
            
            
            
            
            
            
            
            
           AP Macroeconomics Exam Structure 
           AP MACROECONOMICS EXAM: 2 HOURS, 10 MINUTES                                      Format of Assessment 
           Assessment Overview                                                              Section I:     Multiple-choice | 60 Questions | 70 Minutes | 
           The AP Macroeconomics Exam assesses student understanding of                                   66.65% of Exam Score 
           the skills and learning objectives outlined in the course framework. The             ■ The multiple-choice questions will assess students’ ability to
           exam is 2 hours and 10 minutes long and includes 60 multiple-choice                      define economic principles and models, explain given economic
           questions and 3 free-response questions. Starting with the 2022-23                       outcomes, and determine outcomes of specific economic
           school year (spring 2023 exam), a four-function calculator is allowed                    situations.
           on both sections of the exam. 
                                                                                                ■ Approximately one-fifth of multiple-choice questions will include
                                                                                                    analyzing numbers or performing calculations.
                                                                                            Section II:      Free-response | 3 Questions | 60 minutes 
                                                                                                             33.35% of Exam Score 
                                                                                                ■ All four skill categories will be assessed in 3 free-response
                                                                                                    questions:
                                                                                                    ♦ Question 1: Long (10 points)
                                                                                                    ♦ Question 2: Short (5 points)
                                                                                                    ♦ Question 3: Short (5 points)
             Exam Components 
            Sample Multiple-Choice Question 
                  The graph shows the production possibilities curve for a small township that is 
                  deciding to build parks and gymnasiums. Which of the following combinations 
                  of parks and gymnasiums is unattainable given the township’s available 
                  resources? 
                  (A) 5 parks and 6 gymnasiums
                  (B) 5 parks and 8 gymnasiums
                  (C) 10 parks and 6 gymnasiums
                  (D) 15 parks and 4 gymnasiums
                  (E) 20 parks and 4 gymnasiums
                                                                                                                                             Correct Answer: E 
            Sample Free-Response Question 
            The table shows macroeconomic statistics for the country of Fehran. 
                            Year    Nominal GDP      Tax Revenues      Government Outlays      Consumption Spending        Population    GDP Deflator 
                            2011      $150,000          $25,000               $25,000                  $75,000                100             100 
                            2012      $225,000          $30,000               $35,000                  $100,000               120             125 
             (a) Using the data in the table, calculate each of the following and show your work.
                     (i) Fehran’s real GDP in 2012
                     (ii) The inflation rate in Fehran from 2011 to 2012
             (b) Fehran is the only producer and exporter of electric vehicles. Assume the price level among Fehran’s trading partners remains the same and the
             inflation rate calculated in part (a)(ii) is reflective of price changes for electric vehicles. As a result of the change in the relative price level, would
             foreign importers buy more or fewer electric vehicles from Fehran in 2012 compared to 2011? Explain.
             (c) Did the standard of living of the average person in Fehran increase, decrease, or stay the same between 2011 and 2012? Explain.
             (d) What effect will the changes in Fehran's government budget between 2011 and 2012 have on Fehran's national debt? Explain.
           Educators: apcentral.collegeboard.org/courses/ap-macroeconomics 
           Students: apstudents.collegeboard.org/courses/ap-macroeconomics 
           © 2022 College Board                                                                                                        00558-040 (Updated June 2022)